Many unnamed business gurus advise start-ups to fail, and fail fast. You see, it is okay to fail. In the theoretical world of business gurus, failure is seen as a learning exercise. By failing faster, you learn faster.
Then, as another set of business gurus explain; you can change your direction, alter your strategy, find a clueless VC, and even find success.
Many successful tech stories – Snapdeal, Twitter, Apple – have learnt from failures, made serious course corrections and tasted big success.
Looking from the outside, failure does appear to be a critical part of success. Read More